20 Aug 2012
Barratt Developments wins £250 million (GDV) Cane Hill regeneration project
Barratt Developments has exchanged contracts with Greater London Authority (GLA) to redevelop Cane Hill, an 83 hectare former hospital site in Coulsdon, Croydon. The site is one of the most sought after housing-led redevelopment opportunities within the M25, with a gross development value (GDV) of c. £250 million.
Barratt will work with Croydon Council and the GLA on the master plan framework for Cane Hill and Coulsdon. A key objective will be to integrate the derelict site within the surrounding area and to strengthen links with Coulsdon town centre. The aim is to submit a planning application within the next year and secure planning by the middle of 2014.
Proposals for the site include 650 homes of which 163 will be affordable and up to 70,000ft2 of commercial space including business, leisure and retail. The homes (half of which will be family housing) will comply with the Mayor of London's Housing Design Guide, Code 4 of the Code for Sustainable Homes and Lifetime Homes.
The site - the size of 100 football pitches - is of considerable historical interest: Cane Hill hospital opened in 1882 and closed around a hundred years later and at its peak the hospital accommodated 2000 residents. The original site contains a locally listed former chapel and a water tower that will be renovated as part of the development.
Mark Clare, Chief Executive of Barratt Developments plc said: "We are delighted to have secured this outstanding opportunity to develop one of the best sites in the southeast of England. This is a great example of high quality public sector land being brought to the market and largely developed on the 'build now pay later' principle.
"We are committed to engaging with all the partners and the local community to design and deliver an outstanding place to live and work. 'Our selection to deliver this project underlines our capability to deliver high quality homes working in partnership with the public sector."
The Mayor of London, Boris Johnson said: "This is a huge step forward in the development of much needed and quality housing on the site of what was an old and disused hospital, which has been derelict for too long. Supporting vital jobs in the construction industry, this project will also give a welcome boost to Coulsdon town centre. As we push on to deliver more affordable homes on public land, it is projects like Cane Hill which can help make neighbourhoods across the capital better places to live, work and invest in."
Leader of Croydon Council, Mike Fisher said: "The site of the former Cane Hill Hospital provides an exciting opportunity for Coulsdon and the rest of the borough to benefit from the redevelopment of this substantial and strategically important site. Although details have yet to go through the planning application stage, we look forward to working with our partners to craft an exciting and sustainable residential-led scheme that will provide a much-needed boost to Coulsdon town centre. We have worked well with our partners and the local community to produce a draft Masterplan to guide this major project and we will complete this process over the coming months now that Barratt is on board."